Olaplex (NASDAQ:OLPX) Given “Market Perform” Rating at Telsey Advisory Group

Olaplex (NASDAQ:OLPX)‘s stock had its “market perform” rating reissued by stock analysts at Telsey Advisory Group in a report released on Tuesday,Benzinga reports. They currently have a $2.00 price objective on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 44.93% from the company’s previous close.

OLPX has been the subject of several other reports. Piper Sandler raised their price target on Olaplex from $1.50 to $2.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Barclays lowered their target price on Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $2.10.

Olaplex Stock Down 4.8 %

Shares of NASDAQ:OLPX opened at $1.38 on Tuesday. The company has a market capitalization of $914.83 million, a price-to-earnings ratio of 23.00 and a beta of 2.45. Olaplex has a 12-month low of $1.19 and a 12-month high of $2.77. The business has a 50-day moving average price of $1.55 and a 200 day moving average price of $1.91. The company has a current ratio of 11.84, a quick ratio of 10.32 and a debt-to-equity ratio of 0.73.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings results on Tuesday, March 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Olaplex had a net margin of 9.78% and a return on equity of 10.50%. Sell-side analysts expect that Olaplex will post 0.1 EPS for the current year.

Institutional Trading of Olaplex

A number of large investors have recently modified their holdings of OLPX. T. Rowe Price Investment Management Inc. boosted its holdings in Olaplex by 181.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 24,500,600 shares of the company’s stock valued at $42,387,000 after purchasing an additional 15,800,642 shares during the period. Boston Partners grew its position in shares of Olaplex by 276.0% during the fourth quarter. Boston Partners now owns 6,674,169 shares of the company’s stock worth $11,257,000 after buying an additional 4,899,171 shares in the last quarter. Ninety One UK Ltd grew its position in shares of Olaplex by 99.3% during the fourth quarter. Ninety One UK Ltd now owns 4,239,796 shares of the company’s stock worth $7,335,000 after buying an additional 2,112,009 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Olaplex by 14.5% during the third quarter. Geode Capital Management LLC now owns 3,708,821 shares of the company’s stock worth $8,717,000 after buying an additional 468,570 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Olaplex by 9.6% in the fourth quarter. Renaissance Technologies LLC now owns 3,076,969 shares of the company’s stock valued at $5,323,000 after acquiring an additional 268,969 shares in the last quarter. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Olaplex Company Profile

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.